I just bought this stock! Help with this chart's resistance.

This is a discussion on I just bought this stock! Help with this chart's resistance. within the Technical Analysis forums, part of the Methods category; I bought some ENTR recently.
Guys, my question is this: Which of these resistances (picture attch) would you say are ...

I bought some ENTR recently.
Guys, my question is this: Which of these resistances (picture attch) would you say are areas that the stock will have trouble going above that price.

There are 5 resistances: $9 $9.5 $10 $12 $14
and 1 upward trenline that was broken but could turn into resistance
My MAIN concern is some of the resistances were valid at one point but not anymore (ie. $10)

Please keep it simple if you can.
For example. I wouldn't consider $9.5 or I would strongly consider $10 and $12.

I bought some ENTR recently.
Guys, my question is this: Which of these resistances (picture attch) would you say are areas that the stock will have trouble going above that price.

There are 5 resistances: $9 $9.5 $10 $12 $14
and 1 upward trenline that was broken but could turn into resistance
My MAIN concern is some of the resistances were valid at one point but not anymore (ie. $10)

Please keep it simple if you can.
For example. I wouldn't consider $9.5 or I would strongly consider $10 and $12.

Thanks in advance.

Hi,...new to this site but have been trading for a while now.

Nice find on the chart. TA starting to look promising. However, I think this one needs a bit more time to "ferment". When I see stocks like this I usually enter here and realize I am slightly too early. I think what will happen is that around $9 you will see resistance with back test down to around 8.06-8.23 level and then there will be more of a bounce through $9 there and then up to $9.5 resistance as well. Both are likely only short term if the stock is starting new up trend.

You may ask,...how can I be so specific? Well when I see this kind of chart I look at MACD weekly and daily. A new trend starts (in my opinion) when the daily MACD starts to go above 0 line, and especially when weekly start to go above 0 line. (currently both are below!!) This is especially true if they occur almost simultaneously on the 2 different time frames. This seems like it is about to happen. However when the weekly MACD has just started to curl up from below the 0 line there is VERY OFTEN a level of resistance right as the daily MACD breaks through 0 line and the market tests the guts of those that got in early. There is usually a backtest to the EMA 20 day before breaking through that weak resistance ($9 here) and during this time the weekly MACD shows more bullish divergence.

Point is I think you are a hair early in your trade (by 1-3 weeks) and will need to leave your stop alone and NOT move it up when it meets resistance at around $9 unless you want to take a quick small gain at that level and buy back in at around 8.06 to 8.23 level. I have layed out the next 2-3 weeks on this stock and am curious to see if I am correct. I will watch with you. GL on trade.

Trend lines and points of resistance/support work well in retrospect, but unfortunately, it's very rare for stocks to stop at support/resistance. In most cases, if a stock is near an important level of support/resistance, it will likely push through and hit all the stops and trigger all the limit orders. That is why discussing potential areas of support/resistance can be slightly pointless, especially if you plan on putting stops/limits in those areas.

Resistance/support should be used to judge how price behaves around a specific area - to see if it continues in the desired direction or whether it struggles and heads in the opposite area.

In your chart, the $9.5 and $10 seem to be most important areas to focus on.